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Cryptopolitan 2019-11-23 18:10:09

Ethereum network congestion causing high transaction fees

Ethereum Network congestion is observed on many days, and this can cause stratospherically high transaction charges. On some days, it can reach thirty dollars ($30). The reason behind such an exorbitant fees spike is the increased competition for the ETH blocks. When distinct anomalous blocks are used, the transaction costs can increase for sending an ETH. Though the current fees hover around $0.10, the spike can occur randomly. What this represents is that there is still an inherent sense of competition for resources in the Ethereum network that is evident from the high traffic period. DEFI and collectibles causes Ethereum

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